Global overview: Equities and dollar slump (FT.com)
FT.com - Fresh turmoil erupted in the credit markets this week following further grim news on US subprime mortgage lending, prompting a sell-off in equities, a safe-haven flight to bonds and further weakness for the dollar. More »
U.S. home builder woes reach into other industries (Reuters)
Reuters - The anemic U.S. housing market has hurt various industries from makers of air conditioners to earth movers, with several manufacturers reporting their top lines have been bruised by the slowdown. More »
Stock bull riders eye home sales, earnings (Reuters)
Reuters - Home sales and a report on economic growth may help investors decide if they want to keep riding a bull market in stocks, while a torrent of quarterly earnings reports will no doubt cause some anxious moments. More »
Bear Stearns to be sued over subprime funds: CNBC (Reuters)
Reuters - Investors in Bear Stearns Cos. hedge funds that were virtually wiped out from large bets on risky mortgages are planning to sue the company as early as Monday, television channel CNBC reported on Friday. More »
Sidewalks, resort-style amenities and utilities featured at Sandoval
Early morning joggers and evening strollers along Sandovalð# Esplanade can be distracted from the activities at hand if their timing is just right. A fun diversion, for sure, being lured into looking for what has captivated Dennis Gingerich. More »
Real estate news in brief: Staff appointments, sales leaders
A list of recent real estate staff appointments and sales leaders. More »
Real estate news in brief: Construction rates, sales rates
A list of recent real estate construction rates and sales rates. More »
Ethel Kennedy cuts Virginia estateð# price
Ethel Kennedy, the widow of Robert F. Kennedy, has again cut the asking price on her McLean, Va., estate, this time to $12.5 million, from $25 million when it went up for sale in 2003. More »
Model of the Week: Azureð# Residence 2602ð# walls of glass showcase endless views
Step through the double doors of Azureð# newest model home, and the views take over. Residence 2602, on the highest residential floor of The Lutgert Companyð# fourth luxury high-rise at Bonita Bay, offers views of Estero Bay and its mangrove islands, Bonita Beach, the Gulf of Mexico, Bonita Bay and its golf courses. More »
New York has nation's priciest mortgage fees
For the third year in a row, New York has the most expensive mortgage origination and closing fees in the country, according to Bankrate.comð# exclusive annual survey. The survey, conducted in June, used a minimum of four lenders in each state. More »
Richard White: No amount is too small to avoid collection
Q. In one of your replies, you state condominiums cannot file for delinquent collections that are more than a year old. Can you cite which Article of Chapter 718 refers to this? Our quarterly assessments are not that large ($250 to $320). Not practical to file a lien for this amount. More »
Local firms earn Excel awards
The following Excel awards were presented to local firms in a competition sponsored by the Florida Home Builders Association Sales and Marketing Council. More »
Aurora Awards handed out
The 2007 Aurora Awards were presented at the annual Southeast Building Conference July 14 in Orlando. Builders, planners, architects, developers, designers, interior merchandisers and other housing-related professionals in a 12-state region from Texas to Virginia received the awards. More »
He was LED to the light
Joey Nicoterað# fascination with multicolored light bulbs bordered on obsession when he was a teenager. He framed posters in lights and decorated his own Christmas tree. When he couldnð$ find a color bulb he wanted, he got paint cans from the basement and made some himself, bathing his second-story bedroom in an eerie glow. More »
South Lee real estate transactions: July 21, 2007
The following property transactions were reported in San Carlos Park and south Fort Myers by the Lee County Property Appraiserð# Office from July 9-13. More »
Real estate transactions: July 22, 2007
A list of recent real estate transactions in Southwest Florida. More »
Al Zoebi shoots up
The 32 storey Al Zoebi Towers in Al Khobar is now the tallest building in Saudi Arabia's Eastern Province. Saudi Readymix recently concluded the concrete pouring phase for the top floor of the development which now stands at 136 metres. The tower is expected to be completed in Q1 2008. More »
Barwa launches tender
Barwa Al Khor has launched the tendering process covering the initial installation work for its $6.9bn Al Khor project. The tender will include fencing the 15 kilometre site and the building of an on-site office for the project, measuring approximately 25,000 sqft. The initial installation is due to be completed in five months and phase one of the mixed use project should be ready in Q1 2011. More »
Burj Dubai now world's tallest
Emaar Properties' Burj Dubai has now officially been labelled as the tallest building in the world. The tower, which currently measures 512.1 metres, or 1,680 feet, has now overtaken the Taipei 101 in Taiwan, which has held the title since it opened in 2004. The Burj Dubai, with 141 floors, now has more storeys than any other building in the world; it is due for completion next year. <br><small><a href="http://www.ameinfo.com/127106.html">Timeline: See the Burj Dubai grow in pictures</a><br><a href="http://www.ameinfo.com/127079.html">Official Emaar statement/facts and figures</a></small></br> More »
High Rise makes appointments
Dubai's High Rise Properties has appointed Samer Shakra as its Regional Sales and Marketing Manager, replacing Joachim Zoellner who has left the firm. Shakra will work to develop new markets and establish new channels in areas such as Asia and the Mena region. High Rise has also named Lida Mallah as its Iran - Department Sales Manager. More »
VCBank, UIB launch Sakani
Bahrain's Venture Capital Bank and United International Bank have launched a shariah compliant real estate development company, Sakani, which will focus on residential housing projects aimed at low and middle income groups in Bahrain, Saudi Arabia and the UAE. A private offering to investors in the GCC is expected to raise $100m for the new firm, while the VCBank and the UIB will commit $10m each as their stake. More »
Barclays may have lost big in Bear fund: report (Reuters)
Reuters - Barclays PLC may have tallied big losses in a Bear Stearns Cos. hedge fund that invested in risky mortgages, The Wall Street Journal reported on Saturday. More »
Seoul shares hit record, then fall (Reuters)
Reuters - Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy. More »
States to help subprime owners refinance: WSJ (Reuters)
Reuters - A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site. More »